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LO1 Market research

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Why do businesses use market research?

a)

To identify customer needs

b)

To sell goods and services

c)

To advertise

2.

What is information collected about opinions and views called?

a)

Quantitative data

b)

Qualitative data

c)

Segmentation

3.

How does accurate market research help a business?

a)

By avoiding risk

b)

By reducing risk

c)

By eliminating risk

4.

What are the total number of people selected to answer market research questions called?

a)

A supplier

b)

A sample

c)

A respondent

5.

Which of the following is an example of primary research?

a)

Internet research

b)

A focus group

c)

Company reports

6.

A system for collecting, recording, and analyzing information about customers, products, services, and competition.

a)

Market research

b)

Competitive analysis

c)

Qualitative research

7.

A list of question to ask customers to find out information.

a)

Survey

b)

Secondary data

c)

Focus group

8.

Which of these are ways to collect primary data? Check all that apply.

a)

Census information

b)

Government publications

c)

Surveys

d)

Interviews

9.

Which of these types of research/data produces results in numbers, percents, etc.?

a)

Qualitative

b)

Quantitative

10.

Which type of market research is based on finding information yourself?

a)

Desk Research

b)

Field Research

11.

Which type of market research is based on using information found by other people?

a)

Desk Research

b)

Field Research

12.

Which of these are examples of Desk Research?

a)

Telephone surveys

b)

Websites or blogs

c)

Online surveys

d)

Government Statistics